On July 21, 2026, Greenland Mines Ltd. declared a dividend of one right for each outstanding share of Common Stock, payable on August 7, 2026, to stockholders of record as of that date. This establishes a limited-duration stockholder rights plan (poison pill) effective July 22, 2026, expiring July 22, 2027. The rights become exercisable if a person or group acquires 15% or more of outstanding common shares, allowing holders to purchase shares at an exercise price of $0.75. The plan includes flip-in and flip-over triggers to discourage coercive takeover tactics. The company operates in the mining and biotech industries, focusing on rare earth and precious metals exploration in Greenland and ALS therapeutic development.
